{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-25-020875","form_type":"8-K","ticker":"NBND","cik":"0001725911","company_name":"NetBrands Corp.","filed_at":"2025-11-05T23:59:59+00:00","discovered_at":"2026-05-14T18:02:40.263046+00:00","generated_at":"2026-05-17T00:20:19.294530+00:00","sec_items":["1.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"NetBrands enters equity purchase agreement for up to $10M with Trillium Partners at 85% of market price","bullets":["Trillium Partners LP, controlled by Steve Hicks, to buy up to $10M of NetBrands stock at 85% of 5-day VWAP after put notice.","NetBrands must deliver shares valued at 115% of the put amount; EPA includes price floor if stock drops below 70% of put-date price.","Company to file Form S-1 at its own expense for Trillium's resale of shares; EPA has two-year term.","No assurance that any particular amount will be drawn; dilution risk for existing shareholders from discounted issuance."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-25-020875","json":"https://secwatch.observer/filing/0001493152-25-020875.json","markdown":"https://secwatch.observer/filing/0001493152-25-020875.md","text":"https://secwatch.observer/filing/0001493152-25-020875.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1725911/000149315225020875/0001493152-25-020875-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1725911/000149315225020875/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T00:20:19.294530+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}